The Delhi High Court has vacated its earlier order restraining Vedanta Ltd from invoking eight bank guarantees extended by Halliburton Offshore Services in connection with a development contract for certain blocks in Rajasthan. (Halliburton Offshore Services vs Vedanta Ltd)
The Court has held that every breach or non-performance cannot be justified or excused merely on the invocation of COVID-19 as a Force Majeure condition.